**Exhibit 11**

 

**IBISTECHNOLOGY CORPORATION**

# **STATEMENTRE:  COMPUTATION OF PER SHARE LOSS**

 
| ** **                                                      | ** ** | **Years Ended December 31,** | ** **  |
|-----------------------------------------------------------------|------------|---------------------------------------------|-------------|
| ** **                                                      | ** ** | **2003**                                    | ** **  | **2004** | ** ** | **2005** | ** ** |
| ** **                                                      | ** ** | **Diluted**                                 | ** **  | **Basic** | ** ** | **Diluted** | ** ** | **Basic** | ** ** | **Diluted** | ** ** | **Basic** | ** ** |
| **Loss from:**                                             | ** ** | ** **                                  | ** **  | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** |
| Continuing operations                                      |       | $                                           | (3,852,162  | ) | $ | (3,852,162 | ) | $ | (5,641,172 | ) | $ | (5,641,172 | ) | $ | (9,460,547 | ) | $ | (9,460,547 | ) |
| Discontinued operations                                    |       | (17,597,627                                 | )           | (17,597,627 | ) | (5,277,369 | ) | (5,277,369 | ) | 215,242 |   | 215,242 |   |
| Net Loss                                                   |       | $                                           | (21,449,789 | ) | $ | (21,449,789 | ) | $ | (10,918,541 | ) | $ | (10,918,541 | ) | $ | (9,245,305 | ) | $ | (9,245,305 | ) |
|                                                            |       |                                        |        |   |   |   |   |   |   |   |   |   |   |
| Weighted average common shares Outstanding  |       | 9,727,513                                   |        | 9,727,513 |   | 10,665,842 |   | 10,665,842 |   | 10,737,924 |   | 10,737,924 |   |
|                                                            |       |                                        |        |   |   |   |   |   |   |   |   |   |   |
| Potential common  share equivalents                             |       | —                                      |        |   |   | — |   |   |   | — |   |   |   |
| Weighted average  shares outstanding                            |       | 9,727,513                                   |        |   |   | 10,665,842 |   |   |   | 10,737,924 |   |   |   |
|                                                            |       |                                        |        |   |   |   |   |   |   |   |   |   |   |
| Earnings (loss)  per common share and common share equivalents: |       |                                        |        |   |   |   |   |   |   |   |   |   |   |
| Continuing  operations                                          |       | $                                           | (0.40       | ) | $ | (0.40 | ) | $ | (0.53 | ) | $ | (0.53 | ) | $ | (0.88 | ) | $ | (0.88 | ) |
| Discontinued  operations                                        |       | (1.81                                       | )           | (1.81 | ) | (0.49 | ) | (0.49 | ) | 0.02 |   | 0.02 |   |
| Net loss                                                        |       | $                                           | (2.21       | ) | $ | (2.21 | ) | $ | (1.02 | ) | $ | (1.02 | ) | $ | (0.86 | ) | $ | (0.86 | ) |

 

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